Defects in Security. The Security Agent shall not be liable for any failure or omission to perfect, or defect in perfecting, the Security created pursuant to any Security Document, including: (a) failure to obtain any Authorisation for the execution, validity, enforceability or admissibility in evidence of any Security Document; or (b) failure to effect or procure registration of or otherwise protect or perfect any of the Security created by the Security Documents under any laws in any territory.
Appears in 19 contracts
Samples: Fleet Financing Facility Agreement (Avis Budget Group, Inc.), Facility Agreement (Danaos Corp), Facility Agreement (Platinum Underwriters Holdings LTD)
Defects in Security. The Security Agent shall not be liable for any failure or omission to perfect, or defect in perfecting, the Security created pursuant to any Security Document, including:
(a) failure to obtain any Authorisation for the execution, validity, enforceability or admissibility in evidence of any Security Document; or
(b) failure to effect or procure registration of or otherwise protect or perfect any of the Security created by the Security Documents under any laws in any territory.
Appears in 4 contracts
Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)
Defects in Security. The Security Agent shall not be liable for any failure or omission to perfect, or defect in perfecting, the Security created pursuant to any Security Document, including:
(a) failure to obtain any Authorisation for the execution, validity, enforceability or admissibility in evidence of any Security Document; or
(b) failure to effect or procure registration of or otherwise protect or perfect any of the Security created by the Security Documents under any laws Laws in any territory.
Appears in 2 contracts
Samples: Term Facility Agreement (Coeur D Alene Mines Corp), Term Facility Agreement (Coeur D Alene Mines Corp)
Defects in Security. The Security Agent shall not be liable for any failure or omission to perfect, or defect in perfecting, the Security created pursuant to any Security Document, including:
(a) failure to obtain any Authorisation for the execution, validity, enforceability or admissibility in evidence of any Senior Security Document; or
(b) failure to effect or procure registration of or otherwise protect or perfect any of the Security created by the Senior Security Documents under any laws in any territory.
Appears in 1 contract
Defects in Security. The Security Agent shall not be liable for any failure or omission to perfect, or defect in perfecting, the Security created pursuant to any Transaction Security Document, including:
(a) failure to obtain any Authorisation for the execution, validity, enforceability or admissibility in evidence of any Transaction Security Document; or
(b) failure to effect or procure registration of or otherwise protect or perfect any of the Security created by the Transaction Security Documents under any laws in any territory.
Appears in 1 contract
Samples: Term and Revolving Facilities Agreement (ShangPharma Corp)
Defects in Security. The Security Agent shall not be liable for the any failure or omission to perfectfailure, omission, or defect in perfecting, perfecting the Security created by or pursuant to any Security Document, including:
including (a) failure to obtain any Authorisation authorisation for the execution, validity, enforceability or admissibility in evidence of any Security Document; or
Document and (b) failure to effect or procure registration of or otherwise protect or perfect any of the Security created by the Security Documents under any laws in any territory.
Appears in 1 contract
Samples: Facilities Agreement (Chirex Inc)